To say I am frustrated would be an understatement. As an original SIR holder I am losing a small fortune with this IGO merger. There seems to be no light at the end of the tunnel. How does a company trading at over $6/share before the merger and taking ownership of SIR's world class Ni mine have its sp collapse to approx. half? Surely I am not the only one suffering? The only consolation I have is that SIR's directors and Creasy in particular who I feel sold us all out have hopefully lost a hell of a lot more. It is a pity that SIR's former directors who stay with the new minnow S2 will continue to receive the same pay irrespective of the difference in relative size of the two companies.
There will be those who say it will recover in time. Maybe it will but the current IGO sp approximates SIR's prior to the overture.
Where is it really going?
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$4.97 |
Change
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Mkt cap ! $3.763B | |||
| Open | High | Low | Value | Volume |
| $5.02 | $5.11 | $4.93 | $29.89M | 5.965M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 17477 | $4.96 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.99 | 12000 | 2 |
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| IGO (ASX) Chart |